General Information (Unaudited) Disposition (Tables)

3 Months Ended

Mar. 31, 2016

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Cash Flows from Discontinued Operations [Table Text Block]

Cash flows from discontinued operations included in the consolidated statements of cash flows follow (in millions):

	Three Months Ended
	March 31,
	2016			2015
Net cash provided by operating activities	$	89		$	138
Net cash used in investing activities	(36		)	(48		)
Net cash used in financing activities	(3		)	(28		)
Increase in cash and cash equivalents in assets held for sale	$	50		$	62

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

Net (loss) income from discontinued operations in the consolidated statements of operations consists of the following (in millions):

	Three Months Ended
	March 31,
	2016			2015
Revenuesa	$	285		$	382
Costs and expenses:
Production and delivery costs	226			233
Depreciation, depletion and amortization	60			73
Interest expense allocated from parentb	10			7
Other costs and expenses, net	—			9
Net (loss) income before income taxes	(11		)	60
Benefit from (provision for) income taxes	7			(19		)
Net (loss) income from discontinued operations	$	(4	)	$	41

a. In accordance with accounting guidance, amounts are net of eliminations of intercompany sales totaling $32 million in first-quarter 2016 and $28 million in first-quarter 2015.

b. In accordance with accounting guidance, interest associated with FCX's Term Loan that will be required to be repaid as a result of the sale of TFHL has been allocated to discontinued operations.

Schedule of Assets and Liabilities Disposed of by Sale in Period of Disposition [Table Text Block]

The carrying amounts of TFHL's major classes of assets, liabilities and noncontrolling interests, which are held for sale in the consolidated balance sheets, follow (in millions):

	March 31, 2016			December 31, 2015
Assets
Cash and cash equivalents	$	79		$	29
Inventories	553			584
Receivables and other current assets	131			131
Total current assets held for sale	$	763		$	744
Property, plant, equipment and mining development costs, net	$	3,241		$	3,261
Inventories	621			608
Other assets	238			241
Total long-term assets held for sale	$	4,100	a	$	4,110	a
Liabilities
Accounts payable and accrued liabilities	$	100		$	108
Total current liabilities held for sale	$	100		$	108
Deferred income taxes	$	677		$	681
Asset retirement obligations and other liabilities	39			37
Total long-term liabilities held for sale	$	716		$	718
Noncontrolling interests	$	1,187		$	1,178